Frankfort Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Frankfort averaged 6.96% for the week of 2025-07-03, compared to the national average of 6.67% for the same period.

    The average rate for the prior week (2025-06-26) was 7.06% and one month ago for the week of 2025-05-29, the average rate was 6.98%.

    Frankfort's average rate one year ago was 7.25%.

    For refis of the same type during the week of 2025-07-03, the average rate was 6.67%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-07-03 6.67%
    Frankfort 30 Year Fixed Rate 2025-07-03 6.96%
    Frankfort 30 Year Fixed Rate Refi 2025-07-03 6.67%
    Frankfort 15 Year Fixed Rate 2025-07-03 5.9%
    Frankfort 15 Year Fixed Rate Refi 2025-07-03 5.8%
    Frankfort 30 Year FHA 2025-07-03 0.11%
    Frankfort 30 Year FHA Refi 2025-07-03 0.2%
    Frankfort 30 Year USDA 2025-07-03 0.1%
    Frankfort 30 Year USDA Refi 2025-07-03 0.2%
    Frankfort 30 Year VA 2025-07-03 0.1%
    Frankfort 30 Year VA Refi 2025-07-03 0%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Frankfort, IN.

    Frankfort Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Frankfort, IN market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    RUOFF MORTGAGE COMPANY, INC. 60 6.80% $2,941
    Regions Bank 22 6.82% $3,747
    QUICKEN LOANS, LLC 16 6.76% $5,039
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 6.84% $4,375
    First Merchants Bank 11 6.69% $2,740
    UNITED WHOLESALE MORTGAGE, LLC 8 7.22% $5,016
    ROYAL UNITED MORTGAGE LLC 5 6.73% $6,547
    Prosperity Home Mortgage, LLC 4 7.22% $5,385
    CALCON MUTUAL MORTGAGE LLC 4 6.94% $5,699
    PURDUE FEDERAL CREDIT UNION 4 6.78% $2,589
    First Farmers Bank and Trust Company 4 7.88% $2,796
    Flanagan State Bank 3 6.88% $7,340
    Security Federal Savings Bank 3 6.75% $2,370
    GVC MORTGAGE, INC. 3 6.75% $6,873
    Centier Bank 3 7.29% $1,943
    JPMorgan Chase Bank 2 7.75% $1,330
    FLAT BRANCH MORTGAGE, INC. 2 7.06% $3,076
    Wolfe Financial, Inc 2 6.63% $3,203
    Old National Bank 2 6.56% $3,039
    CROSSCOUNTRY MORTGAGE, LLC 2 6.56% $5,570
    PNC Bank 2 6.50% $2,410
    PROVIDENT FUNDING ASSOCIATES, L.P. 2 6.75% $3,184
    Mortgage Research Center, LLC 2 6.38% $3,927
    HALLMARK HOME MORTGAGE, LLC 2 7.25% $4,031
    STOCKTON MORTGAGE CORPORATION 2 6.75% $5,497
    Horizon Bank 2 7.38% $4,567
    First Financial Bank 2 7.56% $3,469
    The Federal Savings Bank 1 7.50% $757
    The Loan Store, Inc. 1 7.49% $3,205
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.25% $3,069
    NEWREZ LLC 1 10.00% $4,492
    Advisors Mortgage Group, L.L.C. 1 7.13% $2,464
    Carrington Mortgage Services, LLC 1 6.25% $4,425
    Centra Credit Union 1 6.38% $2,205
    CHURCHILL MORTGAGE CORPORATION 1 6.38% $4,003
    Citadel Servicing Corporation 1 11.50% $6,838
    CMG MORTGAGE, INC. 1 6.49% $4,875
    East Coast Capital Corp. 1 7.25% $8,828
    Elements Financial Federal Credit Union 1 6.88% $2,689
    Farm Credit Mid-America, ACA 1 6.75% $7,998
    First Federal Bank 1 5.63% $2,596
    First National Bank of America 1 12.38% $4,842
    First Option Mortgage, LLC 1 7.63% $5,598
    FORUM Credit Union 1 7.00% $1,460
    FREEDOM MORTGAGE CORPORATION 1 7.00% $3,633
    GUARANTEED RATE, INC. 1 6.08% $3,748
    Ixonia Bank 1 7.38% $4,995
    LOANDEPOT.COM, LLC 1 6.88% $6,666
    MJW Financial LLC 1 7.13% $6,978
    MORTGAGE 1 INCORPORATED 1 7.63% $8,941
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.50% $6,152
    1st Source Bank 1 7.88% $3,057
    Plains Commerce Bank 1 7.50% $3,240
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.50% $3,105
    Renasant Bank 1 5.99% $2,403
    Servion, Inc. 1 5.75% $2,830
    Solidarity Community Federal Credit Union 1 6.38% $1,207

    Frankfort Average Closing Costs & Other Stats

    Frankfort, IN's 57 lenders originated 814 loans during 2024. The total origination value was $129,440,000, with an average loan value of $159,017.

    Frankfort's average closing costs are $3,871.

    The top Frankfort lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 60 loans originated. Their average total fees are $2,941, which is $805 lower than the next largest lender, Regions Bank.

    The lowest fee Frankfort lenders (with over 10 loans originated) are First Merchants Bank ($2,740), RUOFF MORTGAGE COMPANY, INC. ($2,941), Regions Bank ($3,747), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,375) and QUICKEN LOANS, LLC ($5,039).

    The lowest rate Frankfort lenders (with over 10 loans originated) are First Merchants Bank (6.69%), QUICKEN LOANS, LLC (6.76%), RUOFF MORTGAGE COMPANY, INC. (6.80%), Regions Bank (6.82%) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.84%).

    Frankfort, IN Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    The Farmers Bank, Frankfort, Indiana $15,905,000 $17,890,000 12.5% 13.8%
    RUOFF MORTGAGE COMPANY, INC. $14,130,000 $17,205,000 21.8% 13.3%
    Regions Bank $6,180,000 $12,070,000 95.3% 9.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,850,000 $5,850,000 105.3% 4.5%
    First Merchants Bank $4,950,000 $5,485,000 10.8% 4.2%
    Merchants Capital Corp. $5,455,000 n/a 4.2%
    QUICKEN LOANS, LLC $4,120,000 $4,810,000 16.7% 3.7%
    UNITED WHOLESALE MORTGAGE, LLC $3,265,000 $3,825,000 17.2% 3.0%
    Mortgage Research Center, LLC $370,000 $2,470,000 567.6% 1.9%
    PURDUE FEDERAL CREDIT UNION $2,805,000 $2,115,000 -24.6% 1.6%
    Farm Credit Mid-America, ACA $1,015,000 $1,910,000 88.2% 1.5%
    Centier Bank $2,530,000 $1,745,000 -31.0% 1.3%
    Prosperity Home Mortgage, LLC $765,000 $1,670,000 118.3% 1.3%
    The Home National Bank of Thorntown $765,000 $1,535,000 100.7% 1.2%
    Terre Haute Savings Bank $645,000 $1,505,000 133.3% 1.2%
    GVC MORTGAGE, INC. $1,175,000 $1,350,000 14.9% 1.0%
    CALCON MUTUAL MORTGAGE LLC $1,230,000 n/a 1.0%
    PENNYMAC LOAN SERVICES, LLC $990,000 $1,225,000 23.7% 0.9%
    Industrial Federal Credit Union $1,005,000 $1,175,000 16.9% 0.9%
    FREEDOM MORTGAGE CORPORATION $845,000 $1,170,000 38.5% 0.9%
    First Financial Bank $530,000 $1,130,000 113.2% 0.9%
    Flanagan State Bank $505,000 $1,130,000 123.8% 0.9%
    First Farmers Bank and Trust Company $535,000 $1,100,000 105.6% 0.8%
    Old National Bank $535,000 $1,040,000 94.4% 0.8%
    LOANDEPOT.COM, LLC $405,000 $980,000 142.0% 0.8%
    HALLMARK HOME MORTGAGE, LLC $1,020,000 $975,000 -4.4% 0.8%
    NEWREZ LLC $1,345,000 $975,000 -27.5% 0.8%
    STOCKTON MORTGAGE CORPORATION $945,000 n/a 0.7%
    VILLAGE CAPITAL MORTGAGE $890,000 n/a 0.7%
    Elements Financial Federal Credit Union $210,000 $885,000 321.4% 0.7%
    The Huntington National Bank $495,000 $820,000 65.7% 0.6%
    ROYAL UNITED MORTGAGE LLC $225,000 $810,000 260.0% 0.6%
    LENDINGHOME FUNDING CORPORATION $720,000 n/a 0.6%
    CROSSCOUNTRY MORTGAGE, LLC $540,000 $695,000 28.7% 0.5%
    PNC Bank $1,090,000 $695,000 -36.2% 0.5%
    Carrington Mortgage Services, LLC $450,000 $685,000 52.2% 0.5%
    PROVIDENT FUNDING ASSOCIATES, L.P. $680,000 n/a 0.5%
    Plains Commerce Bank $215,000 $660,000 207.0% 0.5%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $255,000 $605,000 137.3% 0.5%
    The Federal Savings Bank $115,000 $600,000 421.7% 0.5%
    FLAT BRANCH MORTGAGE, INC. $585,000 n/a 0.5%
    Fifth Third Bank $590,000 $570,000 -3.4% 0.4%
    MJW Financial LLC $280,000 $570,000 103.6% 0.4%
    VANDERBILT MORTGAGE AND FINANCE, INC. $560,000 n/a 0.4%
    Horizon Bank $790,000 $535,000 -32.3% 0.4%
    Wolfe Financial, Inc $740,000 $525,000 -29.1% 0.4%
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $515,000 n/a 0.4%
    First Federal Bank $505,000 n/a 0.4%
    Security Federal Savings Bank $975,000 $495,000 -49.2% 0.4%
    AMERICAN FINANCING CORPORATION $470,000 n/a 0.4%
    FORUM Credit Union $35,000 $445,000 1,171.4% 0.3%
    NAVY FEDERAL CREDIT UNION $1,100,000 $425,000 -61.4% 0.3%
    The National Bank of Indianapolis $415,000 n/a 0.3%
    East Coast Capital Corp. $405,000 n/a 0.3%
    Nations Lending Corporation $405,000 n/a 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $170,000 $395,000 132.4% 0.3%
    JPMorgan Chase Bank $450,000 $360,000 -20.0% 0.3%
    CMG MORTGAGE, INC. $280,000 $315,000 12.5% 0.2%
    The Fountain Trust Company $1,000,000 $310,000 -69.0% 0.2%
    U.S. Bank $310,000 n/a 0.2%
    CITIZENS EQUITY FIRST $295,000 n/a 0.2%
    MORTGAGE 1 INCORPORATED $295,000 n/a 0.2%
    1st Source Bank $555,000 $280,000 -49.5% 0.2%
    Gateway First Bank $280,000 n/a 0.2%
    SUCCESS MORTGAGE PARTNERS, INC. $465,000 $260,000 -44.1% 0.2%
    LEADERONE FINANCIAL CORPORATION $255,000 n/a 0.2%
    LAKEVIEW LOAN SERVICING, LLC $240,000 $245,000 2.1% 0.2%
    Advisors Mortgage Group, L.L.C. $235,000 n/a 0.2%
    First Option Mortgage, LLC $330,000 $235,000 -28.8% 0.2%
    MLD MORTGAGE INC. $235,000 n/a 0.2%
    PHH Mortgage Corporation $225,000 n/a 0.2%
    USAA Federal Savings Bank $135,000 $225,000 66.7% 0.2%
    Servion, Inc. $165,000 $220,000 33.3% 0.2%
    Centra Credit Union $215,000 n/a 0.2%
    CLEARPATH LENDING $165,000 $215,000 30.3% 0.2%
    The North Salem State Bank $205,000 n/a 0.2%
    UNION HOME MORTGAGE CORP. $195,000 n/a 0.2%
    FIRST COMMUNITY MORTGAGE, INC. $185,000 $185,000 0.0% 0.1%
    Renasant Bank $185,000 n/a 0.1%
    SIBCY CLINE MORTGAGE SERVICES, INC. $185,000 n/a 0.1%
    FINANCE OF AMERICA REVERSE LLC $180,000 n/a 0.1%
    Armed Forces Bank $175,000 n/a 0.1%
    The Loan Store, Inc. $175,000 n/a 0.1%
    First Bank of Berne $165,000 n/a 0.1%
    Equity Prime Mortgage LLC $155,000 n/a 0.1%
    NATIONWIDE MORTGAGE BANKERS, INC. $155,000 n/a 0.1%
    ZILLOW HOME LOANS, LLC $355,000 $155,000 -56.3% 0.1%
    21ST MORTGAGE CORPORATION $325,000 $150,000 -53.8% 0.1%
    Discover Bank $270,000 $150,000 -44.4% 0.1%
    Park Lane Finance Solutions, LLC $150,000 n/a 0.1%
    AMERICAN FINANCIAL NETWORK, INC. $165,000 $145,000 -12.1% 0.1%
    Citadel Servicing Corporation $145,000 n/a 0.1%
    Ixonia Bank $145,000 n/a 0.1%
    BROKER SOLUTIONS, INC. $340,000 $140,000 -58.8% 0.1%
    HOWARD HANNA FINANCIAL SERVICES, INC. $135,000 n/a 0.1%
    Mr. Cooper ( Nationstar Mortgage ) $280,000 $135,000 -51.8% 0.1%
    WesBanco $135,000 n/a 0.1%
    Solidarity Community Federal Credit Union $35,000 $125,000 257.1% 0.1%
    SPRING EQ, LLC $280,000 $120,000 -57.1% 0.1%
    GUARANTEED RATE, INC. $110,000 n/a 0.1%
    HOMEXPRESS MORTGAGE CORP. $105,000 n/a 0.1%
    FAIR WAY LENDING LLC $235,000 $95,000 -59.6% 0.1%
    PLANET HOME LENDING, LLC $135,000 $95,000 -29.6% 0.1%
    CHURCHILL MORTGAGE CORPORATION $85,000 n/a 0.1%
    First National Bank of America $85,000 n/a 0.1%
    Stock Yards Bank & Trust Company $75,000 n/a 0.1%
    Alliance Bank $65,000 n/a 0.1%
    LOANPAL, LLC $65,000 n/a 0.1%
    Citizens Bank $75,000 $55,000 -26.7% 0.0%
    Union Savings Bank $655,000 $55,000 -91.6% 0.0%
    AMERISAVE MORTGAGE CORPORATION $200,000 $35,000 -82.5% 0.0%
    TEACHERS CREDIT UNION $220,000 $35,000 -84.1% 0.0%
    FINANCIAL CENTER FIRST CREDIT UNION $25,000 n/a 0.0%
    INDIANA MEMBERS CREDIT UNION $510,000 $25,000 -95.1% 0.0%
    Figure Lending LLC $240,000 $15,000 -93.8% 0.0%

    Frankfort's top lender by overall market share is The Farmers Bank, Frankfort, Indiana, with 13.8% market share. In second place, with 13.3%, is RUOFF MORTGAGE COMPANY, INC., having originated $17,205,000 in loans. In third place, with 9.3%, is Regions Bank, having originated $12,070,000 in loans. In fourth place, with 4.5%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $5,850,000 in loans. In fifth place, with 4.2%, is First Merchants Bank, having originated $5,485,000 in loans.

    Frankfort, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 401 $76,625,000 $191,085
    Cash Out Refi 114 $15,310,000 $134,298
    Refi 111 $25,315,000 $228,063
    Home Improvement 110 $7,040,000 $64,000
    Other 78 $5,150,000 $66,026

    Frankfort's most frequently cited loan purpose was Home Purchase, with 401 originations. The 2nd most popular reason was Cash Out Refi, with 114 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 300 $51,470,000 $171,567
    7-8% 141 $24,535,000 $174,007
    Over 8% 112 $8,800,000 $78,571
    5-6% 37 $13,275,000 $358,784
    <2.5% 5 $45,000 $9,000
    4-5% 4 $460,000 $115,000

    During 2024, Frankfort's most frequently originated rate bucket was 6-7%, with 300 originations.

    Loan Sizing (Frankfort, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 311 $16,505,000 $53,071
    $100k-200k 309 $46,755,000 $151,311
    $200k-400k 169 $44,255,000 $261,864
    $400k-600k 22 $9,750,000 $443,182
    $Over $1MM 3 $12,175,000 $4,058,333

    Frankfort's loan sizing saw the bucket of loans from $100,000 or less with 311 originations, totaling $16,505,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 268 $54,740,000 $204,254
    60-80% 112 $25,380,000 $226,607
    Under 20% 77 $2,345,000 $30,455
    20-40% 70 $4,830,000 $69,000
    40-60% 58 $7,520,000 $129,655
    Over 100% 9 $1,955,000 $217,222

    Frankfort's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 268 originations, totaling $54,740,000 in origination value.